Argo Blockchain Plans New Bitcoin Mining Facility in Texas
Argo said the new Texas facility will have access to up to 800 megawatts of cheap, renewable energy.
The firm is acquiring the facility with the goal of “increasing the American footprint in the global bitcoin mining landscape.”
"The pitch is relatively simple – invest a little, gain a lot and don’t worry about risk," the Texas State Securities Board said.
Texas is quickly becoming a major hub for American mining.
The land purchase was made via the acquisition of a New York firm.
A rare winter storm in Texas has knocked out most of the bitcoin mining facilities in the Lone Star State.